BALY vs. PLNT

Last updated Jun 4, 2026

BALY (Bally's Corporation) and PLNT (Planet Fitness, Inc.) are both stocks. Both are in the Consumer Cyclical sector — BALY in Resorts & Casinos, PLNT in Leisure. Over the past 5 years, BALY returned -25.10%/yr vs -7.33%/yr for PLNT. At a 0.31 correlation, their price movements are largely independent.

Performance

BALY vs. PLNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bally's Corporation (BALY) and Planet Fitness, Inc. (PLNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BALY achieves a -20.34% return, which is significantly higher than PLNT's -52.49% return.

BALY

• 1D: -2.66%
• 1M: 2.65%
• YTD: -20.34%
• 6M: -23.93%
• 1Y: 49.55%
• 3Y*: -4.94%
• 5Y*: -25.10%
• 10Y*: —

PLNT

• 1D: -3.34%
• 1M: -18.58%
• YTD: -52.49%
• 6M: -52.48%
• 1Y: -51.03%
• 3Y*: -6.83%
• 5Y*: -7.33%
• 10Y*: 12.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BALY vs. PLNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BALY Bally's Corporation	-20.34%	-7.66%	28.34%	-28.07%	-49.08%	-24.23%	96.61%	-13.68%
PLNT Planet Fitness, Inc.	-52.49%	9.71%	35.44%	-7.36%	-13.01%	16.68%	3.95%	8.67%

Correlation

The correlation between BALY and PLNT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 1, 2019	0.31

The correlation between BALY and PLNT shifts across timeframes, from 0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BALY : $792.86M PLNT : $4.11B
EPS BALY : -$13.97 PLNT : $2.76
PS Ratio BALY : 0.28 PLNT : 3.08
Total Revenue (TTM) BALY : $2.82B PLNT : $1.38B
Gross Profit (TTM) BALY : $889.15M PLNT : $749.98M
EBITDA (TTM) BALY : $83.05M PLNT : $526.17M

Return for Risk

BALY vs. PLNT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BALY

BALY Risk / Return Rank: 63
BALY Sharpe Ratio Rank: 65
BALY Sortino Ratio Rank: 66
BALY Omega Ratio Rank: 61
BALY Calmar Ratio Rank: 61
BALY Martin Ratio Rank: 62

PLNT

PLNT Risk / Return Rank: 4
PLNT Sharpe Ratio Rank: 3
PLNT Sortino Ratio Rank: 5
PLNT Omega Ratio Rank: 3
PLNT Calmar Ratio Rank: 9
PLNT Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BALY vs. PLNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bally's Corporation (BALY) and Planet Fitness, Inc. (PLNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BALY	PLNT	Difference
Sharpe ratio Return per unit of total volatility	0.76	-1.13	+1.89
Sortino ratio Return per unit of downside risk	1.53	-1.54	+3.07
Omega ratio Gain probability vs. loss probability	1.17	0.75	+0.43
Calmar ratio Return relative to maximum drawdown	0.96	-0.84	+1.80
Martin ratio Return relative to average drawdown	2.20	-2.15	+4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BALY vs. PLNT - Sharpe Ratio Comparison

The current BALY Sharpe Ratio is 0.76, which is higher than the PLNT Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of BALY and PLNT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BALY	PLNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	-1.13	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.19	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.29	-0.45

Drawdowns

BALY vs. PLNT - Drawdown Comparison

The maximum BALY drawdown since its inception was -89.45%, which is greater than PLNT's maximum drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for BALY and PLNT.

Drawdown Indicators

	BALY	PLNT	Difference
Max Drawdown Largest peak-to-trough decline	-89.45%	-68.72%	-20.73%
Max Drawdown (1Y) Largest decline over 1 year	-51.64%	-61.24%	+9.60%
Max Drawdown (3Y) Largest decline over 3 years	-53.19%	-61.24%	+8.05%
Max Drawdown (5Y) Largest decline over 5 years	-86.11%	-61.24%	-24.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-68.72%	—
Current Drawdown Current decline from peak	-82.13%	-54.62%	-27.51%
Average Drawdown Average peak-to-trough decline	-57.05%	-15.11%	-41.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.59%	23.77%	-1.18%

Volatility

BALY vs. PLNT - Volatility Comparison

The current volatility for Bally's Corporation (BALY) is 21.91%, while Planet Fitness, Inc. (PLNT) has a volatility of 39.83%. This indicates that BALY experiences smaller price fluctuations and is considered to be less risky than PLNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BALY	PLNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.91%	39.83%	-17.92%
Volatility (6M) Calculated over the trailing 6-month period	43.16%	44.09%	-0.93%
Volatility (1Y) Calculated over the trailing 1-year period	66.29%	45.16%	+21.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.63%	38.61%	+27.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.66%	43.83%	+24.83%

Dividends

BALY vs. PLNT - Dividend Comparison

Neither BALY nor PLNT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BALY Bally's Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%	0.78%	0.00%	0.00%	0.00%
PLNT Planet Fitness, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.83%

Financials

BALY vs. PLNT - Profitability Comparison

The chart below illustrates the profitability comparison between Bally's Corporation and Planet Fitness, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BALY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bally's Corporation reported a gross profit of 0.00 and revenue of 755.72M. Therefore, the gross margin over that period was 0.0%.

PLNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Planet Fitness, Inc. reported a gross profit of 291.90M and revenue of 337.24M. Therefore, the gross margin over that period was 86.6%.

BALY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bally's Corporation reported an operating income of 91.61M and revenue of 755.72M, resulting in an operating margin of 12.1%.

PLNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Planet Fitness, Inc. reported an operating income of 98.67M and revenue of 337.24M, resulting in an operating margin of 29.3%.

BALY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bally's Corporation reported a net income of -161.91M and revenue of 755.72M, resulting in a net margin of -21.4%.

PLNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Planet Fitness, Inc. reported a net income of 51.55M and revenue of 337.24M, resulting in a net margin of 15.3%.

Frequently Asked Questions

Can I hold both BALY and PLNT in my portfolio?

BALY and PLNT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BALY or PLNT?

PLNT has higher volatility (39.83%) compared to BALY (21.91%). In terms of maximum drawdown, BALY dropped -89.45% vs PLNT's -68.72%.

Which has better risk-adjusted returns?

BALY currently has the higher Sharpe Ratio (0.76 vs -1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.